Regulation that is based upon the cost of providing the good or service is known as
A. rate-of-return regulation.
B. cost-of-service regulation.
C. deregulation.
D. social regulation.
Answer: B
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It is possible for an economy to become more productive and per-capita output to increase if
A) technology is improved. B) inventions are developed. C) new ideas are generated. D) all of the above
Based on Figure 6.1, given a tariff of $0.25 per bushel on soybean imports, how much will domestic production increase?
A) Domestic firms will increase output by 10 million bushels. B) Domestic firms will increase output by 20 million bushels. C) Domestic firms will increase output by 70 million bushels. D) Domestic firms' production will not be changed by the tariff.
The United States has benefited from NAFTA substantially in terms of increased ____, which has lowered prices and given consumers more choices.
a. prices b. variety c. manufacturing jobs d. quality
A market in which national currencies are traded by households, firms and governments, is referred to as a(n)
A) foreign exchange market. B) fed funds market. C) international reserves market. D) gold certificate market.